Ripple Pushes Crypto Growth with 17 Million RLUSD Transfers
Ripple’s newly launched RLUSD stablecoin has seen significant movement in the last 12 hours. According to data from the Ripple Stablecoin Tracker on X, nearly 20 million RLUSD was transferred across almost a dozen transactions. These transfers occurred shortly after minting, reflecting Ripple’s growing efforts to expand its stablecoin presence. Ripple Treasury Leads the Transfers Ripple Treasury minted nine batches of RLUSD and moved them through wallets marked as “unknown” to anonymous destinations. The largest transfers included 3,000,000 RLUSD and 2,999,990 RLUSD, while smaller amounts moved 1,201,088 RLUSD and 500,000 RLUSD. These wallets, likely affiliated with Ripple Treasury, facilitated the transfers just days after the stablecoin’s official launch. Last Friday, Ripple moved 10 million RLUSD in just one hour. Related article: XRP Loses Position as Third-Largest Crypto Amid Stablecoin Delay These transfers occurred in one-million-lump transactions, with some sent to the Uphold exchange in Lithuania. Ripple has actively promoted its new stablecoin, with top executives highlighting its potential to revolutionize the market. Community Buzzes with Optimism Ripple’s actions have sparked excitement among crypto enthusiasts. Many speculate about XRP’s price surge, posting optimistic predictions like “$5.89 XRP” and “XRP at $20.” Others humorously discussed the impact of RLUSD and related cryptocurrencies on their lives. Related article: Ripple’s RLUSD Stablecoin Gains Traction, XRP Hits New Highs Meanwhile, comparisons to other cryptos like USDT and SHIB have also emerged, with users commenting on Tether’s stability and Shiba Inu’s potential rally. XRP, Ripple’s fourth-largest cryptocurrency, has shown resilience. The coin recently gained 4.2%, trading within the $2.23 range since Saturday. XRP aims to break through resistance at $2.23674 and reclaim its previous high near $3. Ripple’s momentum, combined with RLUSD’s activity, continues to keep the market intrigued.
XRP Consolidates Near $2.24: Is a Major Move Imminent?
XRP has recently experienced a noticeable drop in volatility, trading within a bearish flag pattern. The price currently hovers around $2.24, reflecting market indecision. Neither bulls nor bears have made decisive moves, resulting in a calm price action and low trading volumes. Bearish Flag Signals Market Equilibrium On the daily chart, XRP displays a bearish flag, a continuation pattern typically seen during downward trends. While this may seem negative, the absence of a breakout in either direction suggests the market is currently balanced. Related article: XRP Breakout Expected Above $20, Analyst Predicts Traders are waiting for stronger signals before making significant bets. The narrow price range and reduced activity often signal hesitation among traders. However, declining volatility could indicate a lack of buying interest. Source: CoinMarketCap If XRP breaks below the $2.20 support level, lower targets at $1.69 and $1.38 may come into play. Such a scenario aligns with the bearish flag’s continuation pattern, which often points to further declines. Potential for Bullish Reversal Remains Despite the bearish technical pattern, low volatility can also signal the potential for a major price move. If market sentiment shifts positively, XRP could break above the flag’s upper boundary at $2.40. In such a case, the price may target previous highs near $2.80. This highlights the importance of monitoring the consolidation phase as a possible turning point. Related article: XRP Holds Steady Amid Volatility: Can It Break Past $2.50? The current phase indicates that the market is waiting for a catalyst. Whether the next move is upward or downward, this consolidation serves as a buildup to XRP’s next significant price action. Investors should closely watch for volume spikes and directional breakouts, as these are key indicators of what lies ahead. For now, XRP remains in a critical holding pattern, with both risks and opportunities on the horizon.
XRP Breakout Expected Above $20, Analyst Predicts
The digital asset XRP has remained central to cryptocurrency discussions, with recent performance suggesting the potential for a major breakout. An analysis has been shared by Amonyx (@amonbuy), a prominent analyst on X, highlighting XRP’s unique historical behavior and its potential for substantial gains compared to Bitcoin in the current market cycle. XRP’s Historical Parity With Bitcoin Charts presented by Amonyx reveal that XRP has consistently kept pace with Bitcoin, often surpassing it during key phases of price cycles. The analysis highlights a distinct pattern in XRP’s movements. While Bitcoin experiences steady growth phases, XRP consolidates before undergoing significant upward trends that match or exceed Bitcoin’s gains. This pattern has been further underscored by observations from another analyst, who noted that 1 BTC purchases approximately the same amount of XRP today as it did in 2014. This consistency emphasizes XRP’s ability to maintain parity with Bitcoin, even as the broader cryptocurrency market evolves. Recent Performance of XRP Recent trends align with XRP’s historical behavior. For the first time since 2018, XRP has surpassed $2, reaching a high of $2.86. This recovery has renewed optimism among investors. During the same period, Bitcoin has achieved an all-time high of $108,268.45 after crossing the $100,000 milestone. Related Article: XRP Soars by 13% Following Ripple’s Stablecoin Announcement Bitcoin’s climb began earlier in the year, with new highs being reached in March and subsequent breaches of those levels until the $100,000 mark was crossed. XRP, however, lagged in momentum until a dramatic price surge occurred in November. Predictions for XRP’s Next Move XRP’s performance in the current cycle has silenced critics and positioned it as one of the best-performing assets, outpacing Bitcoin according to Amonyx’s analysis. At present, XRP is trading at $2.17, and Amonyx predicts that the ongoing rally could push it beyond $20. These developments coincide with increasing attention on XRP’s utility and potential to challenge Bitcoin’s dominance. Some analysts have suggested that XRP may rival or even exceed Bitcoin’s market capitalization in this cycle. Ben “Bitboy” Armstrong has pointed out how XRP could surpass Ethereum to become the second-largest cryptocurrency. Reaching $20, as forecasted by Amonyx, would support this achievement. Related Article: Ripple CTO Sparks XRP Price Surge Debate with Cryptic Tweet Surpassing Bitcoin to become the market leader would represent an unprecedented milestone for XRP.
XRP Holds Steady Amid Volatility: Can It Break Past $2.50?
Despite ongoing market turbulence, XRP continues to display remarkable strength. While the asset has lost some of its previous upward momentum, it remains in a more favorable position compared to its pre-bull run phase. XRP’s price movement reveals a struggle to sustain a breakout above a descending price channel. This lack of momentum led to a pullback, with XRP now trading near the $2.14 mark. Key Support and Resistance Levels The 50-day Exponential Moving Average (EMA) plays a pivotal role as a support zone, aligning closely with XRP’s current price. This alignment highlights the significance of the $2.10-$2.14 range, where XRP’s consolidation indicates market indecision. Related article: XRP Price at a Crossroads: Can It Reclaim Bullish Momentum? However, the absence of a sharp sell-off below key support levels suggests bearish pressure may not be as intense as it seems. The 100-day EMA, positioned at $1.56, stands as a crucial support marker. Source: CoinMarketCap If XRP’s price declines further, this level could serve as a potential target. On the upside, a rebound from the $2.10-$2.14 range could signal a rally toward the $2.50 resistance level. Surpassing this resistance would pave the way for a possible move toward the $3.00 mark. Spot Trading Signals Lower Leverage Unlike some other assets, XRP has not faced significant liquidations. This indicates a relatively low level of leveraged trading, suggesting that spot trading is the primary driver of its market movements. This shift could signal a more stable foundation for XRP’s long-term growth potential. Related article: Why XRP Price Is Dropping Amid Broader Market Selloff XRP’s future hinges on its ability to maintain key support levels and revive its bullish momentum. A successful climb above $2.50 would open the path to $3.00 as the next target. However, a failure to hold the $2.14 level may result in further declines, with $1.90 and $1.56 serving as key support zones. While XRP faces market headwinds, its current setup highlights its resilience. If it holds its support and attracts fresh buying interest, it could regain momentum. For now, traders and investors must remain patient and watch how XRP’s next move unfolds.
XRP Price at a Crossroads: Can It Reclaim Bullish Momentum?
XRP’s earlier bullish breakout has hit a roadblock, with its price performance now appearing stagnant. Despite a breakout from a descending triangle—a traditionally bullish signal—the upward momentum has weakened. On-chain data suggests that network activity is also slowing, raising concerns about the token’s future price trajectory. Key Price Levels and Technical Analysis After a promising surge toward $2.57, XRP’s upward drive has faltered. Support currently sits at $2.53, with the 50-day Exponential Moving Average (EMA) acting as a crucial support buffer. If XRP fails to stay above this level, it faces a possible decline toward the next key support at $1.145. Source: CoinMarketCap On the flip side, a breakout above the $2.60 resistance could reignite bullish sentiment. This resistance level remains a key focal point for traders eyeing a renewed uptrend. XRP’s on-chain metrics reveal a sharp decline in payment volume, dropping from a high of three billion XRP to under 300 million. Related article: $4.20 XRP Target Gains Credibility Amid Historic Price Breakout This significant reduction in activity hints at waning investor interest. In addition, the number of active accounts (unique senders) has decreased, failing to maintain the momentum seen in early December. The volume of XRP burned as fees—a key measure of network usage—has also plummeted, reflecting reduced transaction volume. Potential Risks and What’s Next for XRP The decline in on-chain activity could undermine XRP’s bullish case unless usage picks up. Maintaining support at $2.13 remains vital to avoid a steeper correction. Without renewed buying pressure or increased on-chain activity, XRP risks entering a prolonged consolidation phase or experiencing further price retracement. Related article: Over $272 Million in XRP Shorts Could Face Liquidation at $3 Traders are closely watching the $2.60 resistance as a potential breakout point. If XRP fails to sustain the 50 EMA, a test of the $1.145 support becomes more likely. XRP’s future now hinges on both technical strength and a resurgence in network activity. Investors are monitoring the token’s ability to hold the $2.13 support and reclaim the $2.60 resistance. With usage metrics declining, XRP’s next move could define its short-term market position. If on-chain activity rebounds, a bullish resurgence could follow. However, without fresh demand or a spike in transaction volume, XRP’s price may face further pressure.
Why XRP Holders Are Predicted to Be Among the Wealthiest: Key Analysis
XRP investors are being forecasted to achieve significant wealth as the cryptocurrency is expected to surpass its all-time high soon. This prediction has been shared by a prominent market analyst who suggests that current trends indicate an explosive rally for XRP holders. XRP’s Recent Surge Attracts Attention XRP’s performance in November captured significant interest. A remarkable climb was observed as the price increased from $0.51 at the start of November to a peak of $2.90 by December 3, marking a 464% rise within just one month. Following this surge, XRP experienced a pullback while attempting to breach the $3 mark. It has since consolidated between $2 and $2.60 over the past two weeks. Despite this, analysts, including Steph, have maintained that a larger breakout is likely, which could position XRP holders among the wealthiest investors. Bollinger Bands Indicate Imminent Breakout Steph’s analysis highlights critical indicators, with a focus on the Bollinger Bands on the 4-hour chart. These bands, which measure market volatility, are currently expanding—a signal often associated with major price movements. Historical data reinforces this observation. During similar Bollinger Band expansions in November, XRP rallied by 132% from its swing low to its swing high. Additional notable movements of 53% and 120% were also recorded during similar conditions. Based on this, it is suggested that the current expansion signals another significant rally for XRP. Bullish Flag Pattern Confirmed for XRP A bullish flag breakout has already been confirmed on XRP’s daily chart. This pattern typically indicates the continuation of upward momentum following a consolidation period. The breakout has been validated by multiple daily closes above a long-term resistance line. Currently, XRP is holding above the critical support level of $2.33. While failure to maintain this level could invalidate the bullish outlook, the trend remains favorable as long as the price stays above this threshold. Steph has identified $2.60 as a pivotal resistance level. A daily close above this point is expected to confirm the breakout further. The analyst’s target for the upcoming uptrend lies between $4.90 and $5 in the short to mid-term. Related Article: $4.20 XRP Target Gains Credibility Amid Historic Price Breakout Support for this outlook is also provided by the Exponential Moving Average (EMA) ribbons on the daily chart. XRP’s recent retest of these ribbons on December 10 resulted in a strong rebound, further suggesting that the upward trend remains intact. Bitcoin Dominance and Its Impact on Altcoins Bitcoin dominance, a metric that measures Bitcoin’s share of the cryptocurrency market, has also been highlighted by Steph as a key factor influencing altcoins like XRP. On the weekly chart, Bitcoin dominance has been in decline since it fell below a rising wedge pattern. It is currently testing a breakdown level near 59%. As long as dominance stays below this threshold, conditions are considered favorable for XRP and other altcoins. A decline in Bitcoin dominance to the 47–50% range—a historically significant support zone—has been suggested as a trigger for an altcoin season. This development could push XRP closer to the $5 target. Notably, this range was tested in July and October of 2021, making it a key area to monitor. Caution Recommended Despite Optimism Steph has advised caution as Bitcoin dominance approaches the 47–50% support zone. This level is expected to act as a turning point, prompting investors to consider taking profits. However, for the time being, XRP and other altcoins are believed to be in a strong position. At present, XRP is trading at $2.50, reflecting a slight decrease of 0.12% in the last 24 hours. Investors are encouraged to remain vigilant as market dynamics unfold, with the potential for substantial gains remaining on the horizon.
$4.20 XRP Target Gains Credibility Amid Historic Price Breakout
The cryptocurrency XRP has experienced an unprecedented surge, rising by over 467% within just over a month. Currently, XRP is trading at $2.70, marking a dramatic increase that has surprised even its most optimistic supporters. However, this outcome had been predicted by U.Today well before the current rally began. In early August, U.Today highlighted the possibility of a historic price breakout for XRP. Now, in December, the cryptocurrency has fulfilled those projections, achieving levels that seemed improbable just months ago. The focus has shifted to where XRP’s price might head next and the potential levels it could reach. By revisiting the initial projections from the breakout’s early stages, it is suggested that XRP’s ultimate target could be around the $4.20 mark. While the number carries a memetic undertone, it is based on real calculations. The analysis stems from XRP’s breakout from a six-year accumulation phase within a bullish triangle pattern. A surge of approximately 630% was projected, resembling similar moves observed in 2013 and 2017, though on a smaller scale. Related Article: 5.8 Billion Dormant Dogecoin Reactivated: What Does This Mean for DOGE Price? With two-thirds of this projected move already realized and XRP’s all-time high previously recorded at $3.30, the $4.20 target is no longer considered unattainable. However, the outcome is not guaranteed. The unpredictable nature of the crypto market means that even the most well-founded predictions can be disrupted by unforeseen events. While XRP’s breakout has unfolded as expected based on its price chart, many traders remained skeptical and held onto their tokens during the lengthy eight-year accumulation period. The road ahead for XRP remains uncertain, but its recent performance has solidified its position as one of the most compelling stories in the cryptocurrency market.
XRP Soars by 13% Following Ripple’s Stablecoin Announcement
XRP’s price soared 21% in the past week and 13% in the last 24 hours, reaching $2.69. The surge aligns with the launch of Ripple’s new stablecoin, Ripple USD (RLUSD), on its network. Though Ripple Labs—founded in 2012—denies issuing XRP, the market sees a connection. Traders link positive developments for Ripple, like New York’s approval of the RLUSD stablecoin, to XRP price hikes. Alex Obchakevich, founder of Obchakevich Research, highlighted XRP’s strong performance. “XRP showed the largest growth among the top 10 cryptos, far outpacing Bitcoin’s 10% increase,” he stated. He also predicted a bullish future, saying, “Once XRP clears the $2.60 resistance, it’s likely heading toward $4.” Source: CoinMarketCap Investor Sentiment and ETF Speculation Investor sentiment around XRP remains strong, partly fueled by speculation about a potential XRP exchange-traded fund (ETF). Wintermute’s over-the-counter trading desk principal, Jake Ostrovskis, noted that retail investors recognize XRP’s potential. He linked the excitement to growing optimism about a possible ETF launch under the new U.S. administration. Related article: XRP Market Shaker: Massive Whale Movement Sparks Buzz Recent filings from New York asset manager WisdomTree have fueled speculation. By registering interest in launching an XRP spot ETF, WisdomTree joined a growing list of firms betting on the token’s potential. Bitrue exchange’s chief marketing officer, Adam O’Neill, predicted an all-time high for XRP by Q1 2025. He attributed the rise to improving regulatory clarity and the anticipated demand for XRP ETFs. “XRP’s regulatory battles seem to be behind it, and Trump’s pro-crypto stance strengthens its future,” O’Neill noted. Media Buzz and Price Growth XRP’s 400% price increase over six weeks caught the attention of both crypto-focused and mainstream media. The heightened coverage further bolstered investor interest. Related article: Could XRP Surpass the $4 Mark? A $100 Million XRP Accumulation by Whales Ripple’s RLUSD stablecoin is set to launch today, with many analysts linking it to the recent price surge. Obchakevich sees RLUSD as a key growth catalyst, predicting it will enter the top 100 cryptos with a $1 billion market cap within days. “This launch strengthens Ripple’s market position,” he said. Ripple USD transactions burn small amounts of XRP as gas fees, reducing supply over time. O’Neill expects this mechanism to increase XRP’s scarcity and support higher prices. He emphasized the connection between XRP and RLUSD’s successes, saying investors have taken notice of their intertwined growth potential.
XRP Market Shaker: Massive Whale Movement Sparks Buzz
A significant movement of XRP has been recorded on the blockchain, with on-chain data revealing that 800 million XRP, valued at approximately $1.93 billion, was transferred from Binance to an unidentified wallet. The transfer, flagged by blockchain tracker Whale Alert, is one of the largest recent XRP outflows from a centralized exchange to an external wallet. Growing Trend of Large XRP Transfers On December 13, unknown wallets moved 60 million XRP worth $144.67 million. A day earlier, unidentified wallets transferred 99.99 million XRP valued at $234.45 million. Such high-value transactions often suggest activity from institutions or crypto whales. Several theories have emerged to explain the recent shift. One possibility is that holders moved the XRP stash to cold storage for enhanced security. This move often signals bullish sentiment, reflecting confidence in XRP’s long-term value. Related article: Warning Issued to XRP Community Before RLUSD Stablecoin Launch Another theory points to potential internal operations by Binance. Exchanges frequently transfer funds for purposes like liquidity management, wallet maintenance, or other operational needs. Additionally, some speculate that a major investor or “whale” may be positioning themselves ahead of significant announcements or price shifts. Ripple’s RLUSD Stablecoin Launch Adds to Speculation The timing of the XRP transfer aligns with heightened anticipation for Ripple’s RLUSD stablecoin launch. Ripple recently received regulatory approval from the New York Department of Financial Services (NYDFS) to introduce the RLUSD stablecoin. This development has fueled speculation that the XRP movement might be linked to upcoming announcements or market positioning. Related article: XRP Rises 300% in 30 Days: Key Indicator Suggests Another Move The transfer of 800 million XRP from Binance to an unknown wallet has sparked interest and debate within the crypto community. While the exact reason remains unclear, the timing and scale of the transaction have fueled various theories. Whether it signals institutional positioning, whale activity, or Binance’s internal processes, the crypto world will continue to watch for further developments.
Could XRP Surpass the $4 Mark? A $100 Million XRP Accumulation by Whales
In the wake of a recent market decline that caused many investors to withdraw from XRP, significant increases in holdings by large-scale investors, known as whales, have been observed. This trend suggests a potentially bullish outlook for the cryptocurrency. Two primary factors whale accumulation and the formation of a bull flag pattern are influencing predictions regarding XRP’s potential rise to $4. Whale Accumulation in the XRP Ecosystem Recent data from Santiment has highlighted that whales holding between 1 million and 10 million XRP tokens accumulated around 100 million XRP between December 7 and December 10. During this timeframe, a notable price drop of 27.2% was recorded, with XRP falling from $2.61 to $1.90. Rather than selling during this downturn, these whales opted to capitalize on the lower prices to enhance their holdings. Their total balance increased from 4.71 billion XRP tokens to 4.80 billion, signifying an infusion of approximately $200 million into the market. This accumulation is part of a larger trend observed over the past month. In mid-November, whale holdings were at 3.71 billion XRP, and by early December, this number had escalated to 4.8 billion, indicating that around 1.1 billion XRP tokens were acquired during this period. Simultaneously, XRP’s price rose from $0.50 to $2.87, underscoring the potential influence of whale activities on market dynamics. Related Article: ADA Analyst Predicts Dogecoin Price Surge to $24 Although some profits were taken by whales when XRP peaked at $2.87 earlier this month, their holdings experienced another increase following a subsequent price drop. After the market crash on December 10, XRP showed signs of recovery, rebounding to $2.43. Bull Flag Pattern and Market Predictions Alongside whale activity, XRP’s price movements have been forming a bull flag pattern, which is commonly interpreted as a signal for a continuation of an upward trend. Nevertheless, certain technical indicators indicate a possible temporary correction before the projected breakout. Prominent market analyst Ali Martinez shared insights on Twitter, noting that while XRP is indeed forming a bull flag, the TD Sequential indicator has issued a sell signal on the four-hour chart. “Based on this,” Martinez remarked, “XRP may encounter another correction prior to the anticipated breakout beyond the $2 price range.” Martinez has forecasted that following a brief pullback, XRP could initiate a rally towards the $4 mark. He initially presented this possibility earlier in the week, identifying a fourth bullish pennant formation. Similar patterns have historically resulted in price increases from $0.69 to $1.10 and from $1.50 to $2.87.
